The Impact of Iran-Israel Tensions on Crypto Whales

In the first 24 hours after Israel’s attack on Iran, the crypto market recorded liquidations of almost $1 billion.

Data from Coinglass shows that the majority of these liquidations occurred in less than an hour, causing a sharp 8% correction across the market.

Impact on Bitcoin and Altcoins

Bitcoin’s price plunged from around $108,000 to $103,500. But altcoins experienced greater pressure—Pi Network fell about 16% in just one hour, while Solana and Cardano each fell about 5%.

Geopolitical Tensions Trigger FUD

Based on information we quoted from Beincrypto media, according to reports, the escalation of the conflict between Israel and Iran immediately triggered FUD (Fear, Uncertainty, Doubt) sentiment in the crypto market.

JP Morgan warned that war could trigger a spike in oil prices and US inflation that could approach 5%.

Traditional and Crypto Market Reactions

The sharp drop has not only affected crypto, but has also sent signals to global stock market players.

Many indicators will be monitored in the coming days to assess the significance of further attacks, including oil prices, the movement of the JCI, and other major exchanges.